Interest rates not the only interesting part of borrowing

Interest rates not the only interesting part of borrowing
It's important to remember that the interest rates and APRs are not the same thing. If two loans charge the same interest rate, but one has much higher fees, the APRs can end up being quite different. This is the whole point of lenders being required …
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Gust editorial: Payday-loan sharking protection needed
In 2008, almost 64 percent of the Ohioans who voted approved upholding a payday-loan-reform law that capped annual percentage rates on such loans at 28 percent. The law, Substitute House Bill 545, was intended to bar APRs that had been as high as 391 …
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2015 Balance Transfer Survey: Offers more generous, but move fast
The four cards from this year's survey that don't give new cardholders a 0-percent balance transfer rate promotion still offer lower-than-normal balance transfer APRs ranging from 4.99-13.90 percent, which are still lower than the average credit card …
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